JMF Capstone Wealth ManagementWatch Out For Potholes – JMF Capstone Wealth Management https://www.jmfcapstone.com An Alabama registered investment advisor Fri, 21 Nov 2025 19:30:19 +0000 en-US hourly 1 https://wordpress.org/?v=5.1.22 Watch Out For Potholes https://www.jmfcapstone.com/2016/06/20/watch-out-for-potholes/ https://www.jmfcapstone.com/2016/06/20/watch-out-for-potholes/#respond Mon, 20 Jun 2016 09:00:38 +0000 http://evolvemypractice.com/?p=2886 Simon Lack’s first book, “The Hedge Fund Mirage: The Illusion of Big Money and Why It’s Too Good to Be True,” chronicles the history of the hedge fund, highlighting many subtle and not-so-subtle ways that risks and returns are biased in favor of the fund manager. He shows that, while it is certainly true that...

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]]> Simon Lack’s first book, “The Hedge Fund Mirage: The Illusion of Big Money and Why It’s Too Good to Be True,” chronicles the history of the hedge fund, highlighting many subtle and not-so-subtle ways that risks and returns are biased in favor of the fund manager.

He shows that, while it is certainly true that hedge funds have produced some of the greatest fortunes in recent years, the shocking reality is that while hedge funds have proven to be great generators of wealth for those who manage them, investors themselves have rarely reaped the benefits.

Read the rest of the article on ETF.com.

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